Is it good to invest in Renuka Sugars?
Is it good to invest in Renuka Sugars?
Shree Renuka Sugars grew its revenue by 17% last year. We respect that sort of growth, no doubt. The revenue growth is decent but the share price had an even better year, gaining 224%. Given that the business has made good progress on the top line, it would be worth taking a look at its path to profitability.
Why is Renuka Sugars going up?
Shree Renuka Sugar rises after Haldia refinery to resume operations. The Haldia refinery can refine up to 2000 tons of raw sugar per day, it added.
What happened Renuka Sugars?
Shree Renuka Sugars slumps after recording loss of Rs 240.4 crore in Q1 FY22. Shree Renuka Sugars hit a lower circuit of 5% at Rs 31.95 after the company reported a consolidated net loss of Rs 240.4 crore in Q1 FY22 as against a net loss of Rs 34.9 crore in Q1 FY21.
What is the future of Shree Renuka Sugars?
On June 26, 2021, Shree Renuka Sugars said its board has approved capacity expansion of ethanol production after the government mandated 20 per cent ethanol blending in fuel by 2025 against a current blending of 7.79 per cent.
Is Renuka Sugars debt free company?
It made an open offer in June to raise its holding further to 58.34 per cent with a cumulative investment of ₹1,200 crore. Wilmar also gave a guarantee of ₹2,700 crore as part of the debt resolution. Renuka Sugars’ standalone debt at the end of September 2019 was ₹2,117 crore.
Who owns Shree Renuka?
Wilmar Sugar Holdings Pte. Ltd.
Shree Renuka Sugars/Parent organizations
Who is the owner of Renuka Sugars?
What is target for Renuka Sugar share?
Shree Renuka Sugars Ltd – BUY (Target Price Rs291, Upside 56.0%)
Can we buy Renuka Sugars?
How much debt is in Shree Renuka Sugars?
WSH is a wholly owned subsidiary of Wilmar International Limited (WIL) and the majority shareholder in SRSL with ~62% stake. The ratings are supported by the corporate guarantee extended by WIL on the bank term loans and working capital debt worth Rs. 2904 crore (now reduced to Rs. 500 crore).
Who is the promoter of Shree Renuka Sugars?
The Shareholding Pattern page of Shree Renuka Sugars Ltd. presents the Promoter’s holding, FII’s holding, DII’s Holding, and Share holding by general public etc….PREMARKET.
| Shareholding Pattern – Shree Renuka Sugars Ltd. | ||
|---|---|---|
| Holder’s Name | No of Shares | % Share Holding |
| NoOfShares | 2128489773 | 100% |
| Promoters | 0 | 0% |
Who is buying Renuka Sugars?
NEW DELHI: Singapore-based Wilmar Sugar Holdings (WSH) has acquired an additional 19.77 per cent stake in Shree Renuka Sugars through an open offer which was launched a few months back.
https://www.youtube.com/watch?v=IS3p_bq1uBk
